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Treasury Guidance Supports T1’s Tax Credit Eligibility
Globenewswire· 2026-02-17 11:10
Core Insights - T1 Energy Inc. supports the revival of advanced American manufacturing and energy dominance, aligning with the One Big Beautiful Bill Act (OBBBA) and confirming its eligibility for Section 45X tax credits based on recent Treasury guidance [1][2] Company Strategy and Compliance - T1 Energy is focused on building a domestic solar supply chain and has made significant compliance efforts to meet FEOC requirements, including capital raising and restructuring [2] - The company has announced strategic transactions to ensure compliance with FEOC requirements, addressing various aspects such as equity, debt, and intellectual property [2] - T1 Energy's compliance position is strengthened by the initial Treasury guidance, which clarifies material assistance requirements [2] Manufacturing and Operations - T1 Energy is committed to reshoring strategic technology and has begun construction on a solar cell fabrication facility in Rockdale, Texas, while operating a solar module factory in Wilmer, Texas [4] - The company has secured contracts for American-produced polysilicon, wafers, and steel frames, further supporting its domestic manufacturing goals [4] Future Guidance and Commitment - T1 Energy welcomes additional guidance on FEOC requirements that would support the rebuilding of advanced American manufacturing and supply chains [5]